Virtus Newfleet Short Duration High Yield Bond ETF (NYSEARCA:VSHY) Sees Large Increase in Short Interest

Virtus Newfleet Short Duration High Yield Bond ETF (NYSEARCA:VSHY) was the target of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 1,106 shares, an increase of 85.6% from the January 15th total of 596 shares. Based on an average trading volume of 1,021 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.1% of the shares of the company are short sold. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 1,021 shares, the days-to-cover ratio is presently 1.1 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Virtus Newfleet Short Duration High Yield Bond ETF stock. Virtus Fixed Income Advisers LLC bought a new position in shares of Virtus Newfleet Short Duration High Yield Bond ETF (NYSEARCA:VSHY) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 1,134,049 shares of the company’s stock, valued at approximately $24,773,000. Virtus Newfleet Short Duration High Yield Bond ETF makes up about 22.5% of Virtus Fixed Income Advisers LLC’s investment portfolio, making the stock its 3rd largest position. Virtus Fixed Income Advisers LLC owned approximately 80.77% of Virtus Newfleet Short Duration High Yield Bond ETF at the end of the most recent reporting period.

Virtus Newfleet Short Duration High Yield Bond ETF Price Performance

NYSEARCA:VSHY traded up $0.01 during mid-day trading on Friday, reaching $21.92. The stock had a trading volume of 164 shares, compared to its average volume of 1,189. Virtus Newfleet Short Duration High Yield Bond ETF has a twelve month low of $20.63 and a twelve month high of $22.08. The business has a 50 day simple moving average of $21.88 and a 200 day simple moving average of $21.91.

Virtus Newfleet Short Duration High Yield Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, January 27th. Stockholders of record on Tuesday, January 20th were issued a $0.0611 dividend. This represents a c) annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend was Tuesday, January 20th.

Virtus Newfleet Short Duration High Yield Bond ETF Company Profile

The Virtus Newfleet Short Duration High Yield Bond ETF (VSHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund actively invests in high yield debt securities from US and emerging market issuers, while targeting a portfolio duration of one to three years. VSHY was launched on Dec 5, 2016 and is issued by Virtus Investment Partners.